Capital One Settlement 2024: Your Comprehensive Guide to Payout Dates and Eligibility

In 2021, Capital One Financial Corporation agreed to pay $190 million to settle a class action lawsuit alleging that the bank misled consumers about its credit card fees and interest rates. The settlement, which was approved by a federal judge in 2022, provides for payments to eligible consumers who were charged certain fees or interest rates by Capital One between April 1, 2011, and May 31, 2019.

Payout Dates

The payout date for the Capital One settlement has been set for March 6, 2024. Payments will be distributed by mail to eligible consumers who have filed a valid claim.

Eligibility

To be eligible for a payment from the Capital One settlement, you must have been a "Cardholder" who was charged certain fees or interest rates by Capital One between April 1, 2011, and May 31, 2019. The following fees and interest rates are covered by the settlement:

• Annual fees
• Balance transfer fees
• Cash advance fees
• Late payment fees
• Over-the-limit fees
• Interest rates on balance transfers
• Interest rates on cash advances

You do not need to file a claim to receive a payment from the settlement. Payments will be distributed automatically to eligible consumers.

Payment Amounts

The amount of your payment will depend on the fees and interest rates that you were charged by Capital One. The settlement administrator has estimated that the average payment will be between $25 and $100.

How to File a Claim

If you were a Cardholder who was charged certain fees or interest rates by Capital One between April 1, 2011, and May 31, 2019, you do not need to file a claim to receive a payment from the settlement. Payments will be distributed automatically to eligible consumers.

However, if you believe that you should have received a payment from the settlement but did not, you can file a claim by completing the online claim form at the following website:

https://www.capitalonesettlement.com/

The deadline to file a claim is January 15, 2025.

Tips and Tricks

Here are a few tips and tricks to help you get the most out of the Capital One settlement:

• Review your credit card statements from April 1, 2011, to May 31, 2019. This will help you determine if you were charged any of the fees or interest rates that are covered by the settlement.
• If you believe that you should have received a payment from the settlement but did not, file a claim by the deadline of January 15, 2025.
• Keep a copy of your claim form and any supporting documentation that you submit.

Benefits of the Capital One Settlement

The Capital One settlement provides a number of benefits to eligible consumers, including:

• Financial compensation for the fees and interest rates that they were charged.
• A resolution to the class action lawsuit without the need for a lengthy and expensive trial.
• A way to hold Capital One accountable for its actions.

Call to Action

If you were a Cardholder who was charged certain fees or interest rates by Capital One between April 1, 2011, and May 31, 2019, you may be eligible for a payment from the settlement. Review your credit card statements and file a claim by the deadline of January 15, 2025.

Additional Resources

• Capital One Settlement Website
• Frequently Asked Questions
• Class Counsel Contact Information

Table 1: Covered Fees and Interest Rates

Table 2: Payment Estimates

Table 3: Claim Filing Deadline

| Deadline |
|---|---|
| January 15, 2025 |